State Act
7
Section 7. Acknowledgement of liabilities in Annual Budget
ODISHA FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2005
Act no. 6 of 20052005In forceOdisha (State Act)
7. Acknowledgement of liabilities in Annual Budget –While presenting the Annual Budget for the current year, the State Government shall furnish a statement showing the deferred liabilities on the following accounts,- (i) States matching share under central sponsored plan schemes not provided for in the previous years and the deficit of such State share in the current financial year; (ii) bills presented in the treasury but not encashed at the close of the previous financial year; (iii)Central assistance received but not utilized at the end of a particular financial year; and (iv) undisbursed amount lying in the civil deposits.